So, you are considering Akaunting.
You’ll be wondering if it's a good choice for you if its feature set compares well to other options on the market and if it is priced affordably enough for what you get.
This article will break all that down for you and more.
Plus, at the end of the article, you’ll find links to alternatives to Akaunting as well as our top picks for the options in this category.
Or, just go straight to Our top picks for Best Accounting Software.
Without further ado, let’s get started.
Akaunting is a free cloud accounting platform that offers bookkeeping tools for SMEs. It provides feature-rich software that tracks your transactions and invoices constantly. With Akaunting, you can make the portal accessible for your clients and share receipts or accept bulk payments.
Here are some exclusive features of Akaunting:
Free and Open-source Platform: Akaunting does not involve any hidden set-up fees and offers an entirely free accounting platform without any limitations. Moreover, due to its open-source nature, you can install Akaunting on your host and make changes to intrinsic features. Akaunting enables you to see and assess your financial situation online from anywhere.
Customer and Vendor Management: Akaunting allows you to create vendors and assign them bills or payments. Similarly, you can generate client contacts and send them invoices. You can also set up a client portal for your customers so they can view their assets and account books. Akaunting lets you filter the transactions easily and file them under the correct address.
Powerful Reporting: Akaunting offers detailed financial reports to help you visualize the relevant information to improve your business. You can see a graphical depiction of your account books to analyze the current economic affairs of your business. Akaunting provides quality insights that help you file accurate returns.
Customer Summary: Akaunting integrates with several CRM and project management tools to help you import client addresses. Moreover, Akaunting automatically created the customer profile with the correct address, list of transactions and paid, open or overdue totals at a glance.
Multi-Currency: With Akaunting, you can send invoices or add expenses in any currency and let the system convert the balance into your main denomination. It allows you to get the exact exchange rate and accept payments globally. Moreover, Akaunting automatically comprehends repetitive actions and executes them in a precise fashion periodically.
Akaunting offers 2 Pricing options for its accounting platform.
The "Free Cloud" plan offers one user account and is priced at $0. Additionally, it provides live currency rates, a billing calendar, a dedicated accountant profile and community support.
The "Premium Cloud" plan is priced at $36/month and offers unlimited user accounts. Additionally, it provides bank feeds, balance sheet and trial balance, general ledger, manual journals, chart of accounts and a client portal.
Akaunting Discounts and Coupons
Akaunting currently does not offer discounts or coupons for its accounting platform subscription. However, you can get a 33% off by opting for annual billing.
Akaunting, Free Trial
Akaunting does not offer a free trial for its "Premium Cloud" plan. However, you can use the "Free Cloud" without any limitations.
Akaunting, A short how-to guide
Once you login to your Akaunting account, you'll be redirected to the dashboard section. Here you'll see the cash flow, receivables, payables and expenses by category.
Click on "Items" to view your inventory. Here, you can add products or services with a quotation. You can mark the items in the list whenever a client places an order.
Click on "Sales" and select "Invoices" to start accepting online payments from your clients. Go to "Customers" to enter new profiles into your addresses database. You can add Akaunting's CRM app for an additional $5 from the app store to handle relations.
Click on "Purchases" and select "Bills" to see what you owe to the vendors for shipments or services. Go to "Banking" to see the pending reconciliations, historical transactions or bank account activities.
Click on "Reports" to enter the analytical section inside Akaunting and get a tax summary for the quarterly period.